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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sonora, Business Loans > Umpqua Bank Sonora Business Loans > My Girlfriends Kitchen Loan | ||||
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Raising Money in Pleasanton, California With SBA Loans
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California Entrepreneur Secures Financing to Buy My Girlfriends Kitchens FranchiseBorrowing money to purchase a My Girlfriends Kitchens franchise? Umpqua Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Pleasanton, California needed money to invest in a My Girlfriends Kitchens franchise back in 2006. Umpqua Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower MY GIRLFRIENDS KITCHEN SBA Loan Lender UMPQUA BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624190 - Individual and Family Services Loan Approval Date 3/10/2006 Loan Approval Gross Amount $323,000 Loan Approval from the SBA Of the total $323,000 loan amount, the SBA guaranteed $242,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a My Girlfriends Kitchens franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Who Lends Money to Small Businesses in Sonora, California
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